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| | | ... remain, there is real potential for conflicts of interest. The best interests duty is the only bulwark consumers have against poor advice," Financial Counselling Australia chief executive Fiona Guthrie said. "From time to time, financial counsellors ... |
| | | | ... saying "evidence suggests the best interests duty has not been more effective than disclosure in protecting consumers from poor advice." Instead, there should be a focus on providing 'good advice'; "A duty to give good advice does place a different ... |
| | | | ... determinations (TMD) for their products. The regulator's request follows a sample review of trustee compliance that found some poor practices. ASIC reviewed a sample of 55 TMDs prepared by 27 superannuation trustees across the industry, retail, corporate ... |
| | | | ... work to ensure licensees comply with the law and correctly monitor their corporate authorised representatives to prevent poor promotional behaviour," Court said. |
| | | | ... by ASIC. It also said it is focused on reducing the risk of harm to consumers of financial and credit products, caused by poor product design, distribution and marketing, and will do this by driving compliance with new requirements. On the advice front ... |
| | | | ... to work in some capacity, and a further 34% were able to return to full hours. Beevors continued: "We see the impact that poor health and wellbeing has on our customers through the claims we manage. Our experience shows the quicker we can provide targeted ... |
| | | | ... the trigger to start salary sacrificing their extra earnings." However, because of heightened cost of living pressures and poor super returns, Banney acknowledged that many people may be tempted to pocket the extra cash rather than salary sacrifice. ... |
| | | | ... momentum on eradicating unacceptable product performance by intensifying pressure on trustees to cease offering high-fee, poor performing products, and scrutinising Choice products. It aims to do this with the Your Future, Your Super performance test ... |
| | | | ... Where firms are not doing the right thing and there is potential for consumer harm, ASIC can now take quick action to disrupt poor conduct and prevent harm," ASIC deputy chair Karen Chester said. She added that the industry has had sufficient time to ... |
| | | | ... employees has been steadily rising. Many are partners and executives of large professional services firms, so they are time poor and want convenient access to high quality advice on insurance, superannuation, investing and retirement planning from someone ... |
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